GBPUSD Trade Idea
GU has been in a descending channel/ flag pattern since late February. In today's trading session, I will remain neutral bias. I need to see a reaction of price rejecting or violating the top trendline to determine my short-term directional bias on GU. Two scenarios that I am looking at
1. If it again rejects the top trendline, that could send GU back towards the bottom trendline OR 1.3585 support zone (Bearish)
2. If it violates the top trendline, that would send GU higher back to the 1.4 resistance zone (Bullish)
Trade safe and be flexible.
Do follow my profile for daily fx forecast & educational content.
1. If it again rejects the top trendline, that could send GU back towards the bottom trendline OR 1.3585 support zone (Bearish)
2. If it violates the top trendline, that would send GU higher back to the 1.4 resistance zone (Bullish)
Trade safe and be flexible.
Do follow my profile for daily fx forecast & educational content.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.